Saving a Business from Bankruptcy
A true story about a client that on paper seemed to be thriving, but a flow in the business model resulted in potential disaster.
What happens when a thriving business is on the brink of bankruptcy, not because of poor sales, but due to a broken back-end system? What if the key to saving millions was a simple process change?
The Story
A leader in medical equipment rentals, providing vital resources to hospice companies nationwide. On paper, they were booming — renting out beds, machinery, and medical devices with seemingly endless demand. But behind the scenes, their open-ended rental model was a ticking time bomb. Clients would rent equipment without defined return dates, leading to spiraling unpaid bills that reached hundreds of thousands of dollars per account.
When they contacted us, they were drowning in disputes, mismanaged accounts receivable, and a chaotic billing system. Their A/R team was stuck in a revolving door of frustration and firings, unable to get a handle on who owed what and why.
We stepped in, overhauled their processes, and implemented a system to trigger early client engagement before delinquency became an issue. With proactive communication, clear billing cycles, and defined checkpoints, we helped stop the forward flow of bad debt. This new strategy allowed them to not only recover millions but also stabilize their cash flow and prevent future crises. Today, National Me no longer fears bankruptcy; they’re thriving, with only a handful of accounts needing outside intervention each year.
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"As CFO of a fast-growing HealthTech company, we faced an overwhelming Order to Cash issue. I sought MCB for debt collection, but they provided more than that. They resolved our debt swiftly and ethically, then diagnosed and addressed our underlying issues. Now, we've grown 200% and no longer dread cash flow problems."
- SARAH SUZUKI, CFO
- 7 fortune 500 clients
- Over 170 Attorney Partnerships
- Over 300 Private Investigators
- Nationwide: We collect in all 50 states
- 27 day average speed of recovery